Microsoft, Amazon.com, and Google parent Alphabet have all been in the black since June 18 , while Apple and Facebook parent Meta Platforms recorded only modest declines.
CNBC's Jim Cramer on Tuesday opined about his long-standing faith in Nvidia stock, even as the company shed significant market cap this week. "I'm not going into the deep end to please those who want a market with better breadth and greater participation," he said.
Nvidia's stock slightly recovered Tuesday following a massive three-day selloff, closing up more than 6% and resecuring a more than $3 trillion market cap following the slide that ended its brief standing as the world's most valuable public company.
Nvidia Corp. shares may have entered correction territory on Monday after a three-day slide, but that still wasn't enough to scare off retail investors.
Micron Technology's earnings report could define what happens in the stock market in the coming weeks.
Nvidia Corp.'s recent dive into correction territory is most likely the beginning of something far more serious for Nvidia and other semiconductor stocks.
Nvidia has signed an agreement with a telecom provider in the Middle East to provide AI tech for its data centers. This marks an important new region for the chipmaker.
Was the NVDA sell-off this week a correction, or a sign of something more? Many investors will be thinking about that very question this week as AI and chips continue to play huge roles in the stock market.
Shares of Nvidia were up over 5% on Tuesday, poised to snap a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value.
Global semiconductor stocks experienced volatile trading on Tuesday following a significant decline in Nvidia shares in the previous session. The fluctuations reflect investor reactions to Nvidia's sharp drop in market capitalisation, impacting chip firms across Europe and Asia.
Nvidia (NASDAQ: NVDA ) stock is heading higher on Tuesday after Bank of America added the company's shares to its Best of Breed list. This has the firm highlighting NVDA as one of the best shares on the market.
Nvidia Corp. shares are snapping back on Tuesday after a three-session slide that carried them into correction territory.